Community | April 09, 2011 | 24 comments

Protecting Big Oil at the Expense of Consumers

source: http://www.greentechmedia.com/articles/read/protecting-big-oil-at-the-expense-of-consumers/

Image
Schnookums
Paul Ryan’s budget proposal eviscerates green technology projects, but leaves massive subsidy loopholes for the oil industry.

House Budget Committee Chair Paul Ryan’s (R-WI) proposed FY 2012 budget resolution is a backward-looking plan that would benefit big oil companies at the expense of middle-class Americans. It retains $40 billion in Big Oil tax loopholes while completely eliminating investments in the clean energy technologies of the future that are essential for long-term economic growth.

This budget would lock Americans into paying high, volatile energy prices. It would ensure that millions of clean energy jobs are created overseas -- not here in the United States. It is a path backward to Bush-Cheney Big Oil energy policies that cost jobs and harm American competitiveness. In short, the Ryan plan ensures that we lose the high-stakes competition for the $2 trillion worldwide clean tech market.

Ryan claims in an April 4 Wall Street Journal op-ed that his plan “rolls back expensive handouts for uncompetitive sources of energy, calling instead for a free and open marketplace for energy development, innovation and exploration.” This is false. Ryan’s proposal actually violates his assertion in two ways......

Continue at:
http://www.greentechmedia.com/articles/read/protecting-big-oil-at-the-expense-of...
  1. groups:
    Community,   Green,   Business News & Analysis,   Green Business,   4 more
  2. tags:
    GOP,  Oil,  Budget,  Subsidies,  1 more
  3.     
    |

24 comments // Protecting Big Oil at the Expense of Consumers

  • Wetdog
    • -1
      Wetdog  

    • Take a look at the picture posted with this article.

      It is an oil refinery. This is why oil companies are so adamantly opposed to biofuels and insist that they are not competitive.

      If we use biofuels, refineries like that are completely obsolete. Biofuels are manufactured as finished products, they require no refining.

      Refineries use massive amounts of energy and produce massive prodigious
      amounts of pollution.

      If we were to convert to using biofuels, oil refineries would become obsolete, and leave oil companies with billions of $$$ of assets there would be little or no use for.

      Ryan is acting completely in the interest of oil companies.

    • 1 year ago
  • PeteLeS33
    • 0
      PeteLeS33  

    • As was Posted here before, Japan announced a car that runs on warter and my comment was "Everyone demand this car". The reason I had said this is that IF we were to inport this car, we could cripple the worlds dependence on oil. And instead embrace a new resuable fuel, WATER. Anyone who wants to continue with the policies of a dying industry such as oil is nothing that a baught stoolie.

    • 1 year ago
  • crash_text_dummy
    • +2
      crash_text_dummy  

    • paul ryan
      sock puppet for the people he so desperately wants to be
      and never will
      the poor sob is screwing his brethren in the endeavor

      i'd like to see the look on his face when he sees what
      his endeavor brings about in reality

      that reality?
      not too far off by my calculation...

    • 1 year ago
  • COMMONSENSEFORCOMMONGOOD_COM
    • +1
      COMMONSENSEFORCOMMONGOOD_COM  
    • crash_text_dummy:

      Spot on,ctd! The energy market has not been free since J. D. Rockefeller bought the rights from Congress to it for Standard Oil, more than a half century ago. And nothing, but nothing, will change this except our taking to the streets and forcing government reform!
      Remember May 5th is the march on the capitols day!

    • 1 year ago
  • SoCalFramer
    • +2
      SoCalFramer  

    • Senator Sanders could be a cornerstone to a new political party. I have given up on the democrates. I believe the DSCC did everything they could to lose the last election. Obama has lost his shine and I remember why I did not vote for him in the primary. This country is in the shitter and it is not bad enough for it to turn yet. When I see so many people that don't read the news it makes me wonder what is wrong with me. I think there will have to be a real disaster before people decide to stand up for there neighbors and families. Right now I see brother against brother in the pursuit of profit. I see the roots of a un civil war and the need for a peace maker. Maybe Obama has it right, I just don't see it from my perspective.

    • 1 year ago
  • dinm76
  • SIBob
    • +2
      SIBob  
    • Image

    • The Republicans are the worst but the feeble response from the Democrats and the endless “compromising” are proof that they are in bed with the corporations too. The political process itself is not going to bring about change, unless we form our own party. Short of that it will take worker’s actions like unionization, demonstrations and strikes to get the attention of the ruling class. As long as we exist in a position of acquiescence and timidity they will continue to walk all over us. We can talk about it all we want, they are just sitting there laughing at us. They put on an adversarial front for the cameras and probably meet for drinks later. Who’s kidding who? Wisconsin and Egypt were the beginnings of something great, now we have to “capitalize” on it.
      http://sibob.org/wordpress/

    • 1 year ago
  • theknopfknows
    • +2
      theknopfknows  
    • Image

    • 76dinm,
      Got it right COMMUNIST CHINA IS THE USA CORPORATE MODEL,
      WHERE 1% owns 90% of Everything,
      THIS IS COMMUNISM.
      Communism steals the public´s desire too want to know, the unknown.
      So robot time, no creative thoughts, nothing new,
      but spies all over the world stealing other people´s ideas,
      This is Communist China, and General Electric has been there,
      In Communist China, for over 100 years helped Mao do the technology to kill 60 million people;
      remember it was General Motors that took Hitler off the horse, into GM trucks cars etc.
      IBM punch card system that tatoos the JEWS, for recording purposes,
      Coca Cola owned Fanta, soft drink, favorite drink of the Nazis.
      Corporations control Military Against the People FASCISM, Mouse-lini. USA CORPORATE DICTATORSHIP SECRET POLICE; FAILED STATE USA! European History repeating itself in AMERICA,
      LAND OF FEAR! Home FOR NONE!

    • 1 year ago
  • dinm76
    • +2
      dinm76  

    • America is currently under the process being "Chinazied" by the corporations that own us. They look at annual 10% or more growth rate in China and understand completely that it is because of their domestic political policies with lack of workers rights, enviomental laws, minumum wages, a freepress, an open internet etc. etc. etc. that they are growing like they are. They want those hinderinces gone here and they mean to do it come hell or high water!
      We have to except the fact that we live in a world where spending 100's of Millions of dollars can get you 100's of Billions in return for your efforts.
      Nothing is going to change that dynamic without major social and probably mitlitary unrest on the streets of our cities. The next decade is going to be very rough on a lot of people because of uncontroled greed by people like Ryan.
      Ryan, as are all republicans are just tools in this on going class war.

      Living in America today is like living in an occupied country and it's time to start underground resistence groups and fight back....How...I haven't a clue. But I know it needs to be done.

    • 1 year ago
  • telcod
    • +4
      telcod  
    • dinm76:

      Probably talking about underground resistance in America is not such a good idea. As the wealthy consolidate their strangle hold on the economy, the media, religion and politics, not to mention their systematic marginalizing and factionalizing of the populace, they will get more greedy and vicious. Just check out Wisconsin. The gloves are coming off. It is my only and mean only hope that they have played their hand too soon and nationwide rebellion will ensue. Not holding my breath. We do better with external threats, than internal threats. And since we have dumbed down the population and brought them to the brink of terror and raised stupid to a new height as a virtue, probably ain't gonna be no rebellion here. The feudal system of yesteryear last hundreds of years. The only thing that brought it down was the depopulation via plague. You want rebellion, you get the old radicals (seniors with little to lose) to inspire the kids who are going to be fucked over for the next 50 years and start working with our soldiers who are returning to the world, broken after 3 or 4 tours. The average fat ass middle class American will survive status quo, living on beer, reality TV, sitcoms and sports and living off the inheritance of his parents estate. That system will probably collapse in the next 10 to 20 years. Option number 2 , the Nero solution. Burn it all down and have 100 percent employment, rebuilding. Might want to look to Japan in the next year for an example. And just to frost the cake, Iceland's economy seems to be recovering nicely, I heard, as compared to ours..... and they let their banks fail. And how is your Healthcare, Medicaid and Social Security? Maybe the spark that will start the revolution will be that Charlie Sheen never returns to 2 1/2 Men and commits suicide in a ballerina costume, distraught because he didn't get the roll in the sequel to "Black Swan."

    • 1 year ago
  • dinm76
    • +1
      dinm76  
    • telcod:

      Wow...you are good. Thanks for the response...lots to think about.
      I had an ancester who was part of the Resistence in Italy durring the 1940's.....it's been tugging at me hard lately.

    • 1 year ago
  • telcod
  • wolfess
    • +1
      wolfess  
    • telcod:

      I read a comment on here yesterday that said the republicunts and their pimps are bringing us to the point where we revolt just so they can declare martial law. I really do not want to think that is true, but with all the illegal crap that has been going on for more than 2/3 decades it does make me wonder.

    • 1 year ago
  • telcod
    • 0
      telcod  
    • wolfess:

      The powers that be, prefer to continue just as we are, creating fear and division and obscuring the agenda. Marshall law, in a country as heavily armed as this one, would be a large miscalculation. Besides, we really are running low on military resources.

    • 1 year ago
  • wolfess
    • 0
      wolfess  
    • telcod:

      Thank you, I thought the same (most of our troups are out of the country), and I told my husband the other day that if anyone comes after us it will be after the gun fight :-)!
      Many years ago the police force in some suburb in Texas went on strike, during the time there was no police protection the crime rate went way down because the citizens all armed themselves, the would-be crooks decided that fighting their way thru an armed citizenry was just a little too dangerous to risk :-).
      My Dad's favorite motto was "better to have a gun and not need it, than need it and not have it." He trained my brother and I to shoot.

    • 1 year ago
  • EvilDoer
  • sammykatz
    • +2
      sammykatz  

    • Ryan's Path to Prosperity benefits the wealthy and corporations. It eliminates social programs that benefit the majority of people in this country, while granting tax breaks for those at the top and corporations. It further enables corporate quest for dominion over all our natural resources and the very air we breath by defunding and neutering the EPA, allowing for deregulation resulting in absolutely no accountability for the safety of workers and/or the environment. His plan is the outline for a return to those "glorious" days of yesteryear: The Gilded Age, The Age of Robber Barons. and The Industrial Age. Although the latter has far less to do with job creation than simply a time before OSHA and EPA and Unions!!

      Ryan is a shill selling snake oil to the masses: instead of lauding him for putting in writing what the GOP has been planning for years, we should be pelting him with sludge that's washed up along our coastline.

    • 1 year ago
  • Schnookums
  • sammykatz
    • +2
      sammykatz  
    • Schnookums:

      Thank you for the link: amazing THAT little tidbit gets left out of the narrative about the "boy wonder." It is difficult to spin a story about the dog that bites the hand...

    • 1 year ago
  • letsliveinpeace
  • letsliveinpeace
  • Schnookums
    • +2
      Schnookums  
    • letsliveinpeace:

      Trust me, I don't think anyone has forgotten. However they are far from the two that started it......they were merely the tools of the moment.

      Their price was paid, so they did what they were 'advised' to do.

    • 1 year ago
  • telcod
  • Schnookums
    • +2
      Schnookums  

    • Paul Ryan wants to cut our investment in green technologies by 90% to just $1billion annually whereas China is pumping in $12billion a MONTH. Wonder how that's going to work out for us......

    • 1 year ago
more from Community:
from the community

top videos